Market Overview
Home Prices in Shalimar, FL
The median home value in Shalimar, FL is $390,224 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 1.7% compared to a year ago and down 2.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Shalimar are priced5% below average. Shalimar is part of the Crestview-Fort Walton Beach-Destin, FL metro area.
Over the past five years, Shalimar home values have risen by approximately15.7%, reflecting steady appreciation in this market.
Price History
Shalimar Home Price Trend
City Comparison
Shalimar vs. National Median
At $390,224, homes in Shalimar cost 5% below the national median of $410,000. This makes Shalimar a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Shalimar?
20% Down Payment
$78,045
on $390,224
Monthly P&I
$2,035/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,584/mo
incl. taxes & insurance
Income Needed
$103,360
gross annual (30% rule)
10% Down Option
$39,022
+ PMI applies
Loan Amount (20% dn)
$312,179
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Shalimar, FL?
The median home value in Shalimar is $390,224 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 1.7% year-over-year.
How much have home prices changed in Shalimar?
Over the past year, home values in Shalimar have increased by 1.7%. Over five years, prices have risen approximately 15.7%.
How much do I need to earn to buy a home in Shalimar?
To comfortably afford the median home price of $390,224 with a 20% down payment ($78,045) at today's rates (6.8%), you'd need a gross annual income of approximately $103,360. This assumes keeping total housing costs at or below 30% of gross income.
How does Shalimar compare to the national average home price?
The national median home value is approximately $410,000. At $390,224, homes in Shalimar are 5% below the national average.
What metro area is Shalimar part of?
Shalimar is part of the Crestview-Fort Walton Beach-Destin, FL metropolitan area. Home prices and market conditions can vary across the broader metro region.